12/7109 Avenue E

Houston TX 77011

2700 sq. ft.

7500 sq. ft.

Duplex

Currently for sale - view listing

Overview

Welcome to an incredible investment opportunity in the heart of East Downtown Houston! This fully occupied property at 7109/7111 Avenue E offers 10 units spread across two buildings, each with five units. With nine spacious 2/1 baths and one cozy 1/1 bath, this property offers something for everyone. The two buildings bring in a total of $7700 monthly, with Building One generating $3950 and Building Two generating $3750. With a purchase price of only $750, 000, this property offers an excellent return on investment and is an outstanding addition to any investor's portfolio. This property boasts a high cap rate of 9.445%, making it an attractive investment option for those seeking stable and profitable passive income. With yearly gross income of $92, 400 and expenses of only $21, 566, this investment offers an impressive and reliable stream of income. The owner of this property is an experienced and responsible gentleman who has owned the property for 27 years. While there is no detail

Features

2700 sq. ft. floor area

7500 sq. ft. lot size

Duplex

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Local market activity for duplexes in Houston

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Steven Koleno

at Beycome Brokerage Realty, LLC

View listing

Sales:: (619) 566-0008

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